The global Land Mobile Radio Market was valued at USD 8.24 billion in 2015 and is expected to reach USD 20.82 by 2022, at a CAGR of 14.3% between 2016 and 2022. The base year considered for the study is 2015, and the forecast has been provided for the period from 2016 to 2022.

Growing significance of efficient critical communication operationsThe LMR technology has progressed over time from conventional, analog voice service (such as two-way communications) to complex systems incorporating trunking and digital capabilities that enable features such as group calling, rapid voice call-setup, high-quality audio, and guaranteed priority access to the end user. With the increasing instances of crime, terrorism, and natural disasters, industries need to adopt new technologies to provide prompt and effective response in real time. Effective communication is important for public safety responders who need to stay connected with each other at the control center as well as acquire situational awareness in real time when responding to emergencies. For example, TETRA, the largest land mobile radio standard, has good spectrum efficiency and is available on a harmonized spectrum. It has extraordinary critical communication features such as security, short call set-up time, voice calls feature set, and high-speed data services. It operates on direct mode and site trunking and its adoption is growing in existing and potential market segments such as public safety and commercial applications. Moreover, TETRA does not require broadband data. With the increasing security threats and demands for greater efficiency, cross-agency coordination, and better information sharing, the growth of efficient public safety communications networks has become a top priority for organizations, which is driving the global market for the LMR technology.

Market DynamicsDrivers

Growing significance of efficient critical communication operations

Rising demand for inexpensive and reliable land mobile radios

Application of land mobile radios in diverse industries, majorly in military & defense, and transportation

Transition of land mobile radios from analog to digital

Restraints

Spectrum bandwidth limitation restricting industry expansion

High costs of building LMRs

Opportunities

Requirement of voice encryption for secure communication

Dynamic spectrum access opportunities for LMRs

Challenges

Growth of Internet of Things (IoT) devices

Global Land Mobile Radio Market (20132022)

Source: MarketsandMarkets Analysis

The following are the major objectives of the study.

To define, describe, and forecast the global market on the basis of type, technology, frequency, application, and geography

To estimate market size estimations with respect to four main regions (along with countries), namely, North America, Europe, Asia-Pacific, and Rest of the World

To identify and analyze major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges) along with their impact in the short, medium, and long term

To analyze the market with the help of the Porters five forces framework and provide a detailed Porter's analysis, along with the technology and market roadmap

To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market

To analyze the opportunities in the market for stakeholders and detail the competitive landscape for key players

To analyze strategic developments such as joint ventures, mergers and acquisitions, new product developments, and research and development in the market

The research methodology used to estimate and forecast the land mobile radio market begins with capturing data on key vendor revenue through secondary researchGSM Association, National Telecommunications Regulatory Commission, Department of Homeland Security, and leading players newsletters. Vendor offerings are also considered to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall size of the global land mobile radio market from the revenue of the key players. After arriving at the overall market size, the total market is split into several segments and subsegments, which are verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primaries is depicted in the following figure.

Available Customizations:With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:Company Information:Detailed analysis and profiling of additional market players (up to five)

The land mobile radio market (LMR) is expected to grow from USD 9.35 billion in 2016 to USD 20.82 billion by 2022, growing at a CAGR of 14.3% between 2016 and 2022. The growth of this market is propelled by the growing significance of efficient critical communications, transition of communication devices from analog to digital, and high demand for inexpensive and reliable land mobile radios.

Land mobile radios are two-way communication devices used between two or more user groups. These are developed primarily to provide maximum interoperability and seamless communication for businesses that need critical communication 24x7. These devices operate wirelessly on specified frequencies designed for terrestrial users. Different types of LMR products have different frequency ranges specified with access in the respective band range. LMRs were considered as a breakthrough in the radio industry and they serve as a reliable source of communication. Many applications (such as the commercial and public safety) make use of land mobile radio systems as a primary means of communication. This report analyzes the land mobile radio market segmented on the basis of type, technology, frequency, application, and geography.

The hand portable segment led the global market in terms of market share in 2015. As hand portable land mobile radios are handy and easy to use, they account for the largest market share. Handheld land mobile radios are mainly used for group call communications and are also known as Professional Mobile Radio (PMR) or two-way wireless radios. Portable two-way radios are often called walkie-talkies or handie-talkies.

The market for digital technology will likely hold a larger market size by 2022 due to the presence of advanced technologies such as TETRA, which provide features such as group chats, enhanced voice clarity, higher quality coverage, longer battery life, and availability of customized software applications. Land mobile systems are witnessing a shift from analog to a variety of digital formats, such as TETRA, DMR, P25, and others-including dPMR, NXDN, and TETRAPOL.

The market for 700 MHz and above land mobile radio frequency is expected to hold a major share and grow at a high rate during the forecast period. The frequency band 700 MHz and above has long-range capability, which allows operators to broadcast over a greater range.

North America is expected to lead the overall market between 2016 and 2022. The high adoption of technologically advanced land mobile radios, and extensive research and development activities in the region are propelling the growth of the land mobile radio market in this region. The presence of major regulatory bodies, research institutes, and companies in this region are some the other factors driving market in this region. The land mobile radio market in APAC is expected to witness the highest growth rate during the forecast period. The use of land mobile radios in the commercial sector, mainly in transportation and utility applications, is the major factor driving the growth of the market in the APAC region.

Source: MarketsandMarkets Analysis

The key restraining factors for the land mobile radio market are high cost of land mobile radios. Although there are various inexpensive radio products which are built over P25 (phase I and phase II) and digital mobile radio technologies that are available in the market, it is still difficult for manufacturers to follow the industry standards such as TETRA, and DMR to develop their LMR products. A new land mobile radio and antenna package can cost up to $5,000 which is outside the budget of all. The development of LMR over these technologies requires extensive testing, which increases the overall development cost of the product.

Growth of land mobile radio driven by public safety and commercial applications

CommercialIn the past few years, LMRs have found application in the commercial sector, especially in retail, transportation, and utility. Despite the innovative change driven by the rapid evolution of telephones and cell phones, land mobile radios are essential part of critical communications. The commercial segment is mainly driven by the significant uptake in the transportation, utilities, and retail sectors. To cater to the need for seamless and cost-effective communication in the commercial industry, organizations install push-to-talk radio products. This creates a significant opportunity for this market globally.

Public SafetyThere is a growing requirement for dependable, pervasive, and interoperable radio communications for public safety. Up-to-date advancements, updated range accessibility, and government-managed rebanding/narrowbanding has specifically affected the progress of public safety LMR development. There has been much advancement in switching from analog to digital mobile radios such as the move to digital LMR products utilizing P25 standards and the regulations regarding the transition to higher spectral band range. These have brought about a requirement for the improvement of system relocation plans while taking into consideration more extensive interoperability and introduction of a wider band range of LMR devices.

Critical questions would be as follows:

Where will all market-related developments take the land mobile radio industry in the mid to long term?

Figure 1 Land Mobile Radio Market SegmentationFigure 2 Market: Research DesignFigure 3 Market: Bottom-Up ApproachFigure 4 Top-Down ApproachFigure 5 Data TriangulationFigure 6 Assumptions of the Research StudyFigure 7 Military and Defense Sector to Lead the LMR Market for Public Safety Application Between 2016 and 2022Figure 8 Transportation Sector to Dominate the LMR Market for Commercial Application Between 2016 and 2022Figure 9 Tetra Technology to Exhibit High Growth Between 2016 and 2022Figure 10 The Market in APAC to Grow at the Highest Rate During the Forecast PeriodFigure 11 Attractive Growth Opportunities in the marketFigure 12 North America Expected to Hold the Largest Share of the market in 2016Figure 13 U.S. to Hold the Largest Share of the market in 2016Figure 14 Digital Technology Market to Hold the Largest Market Share During the Forecast PeriodFigure 15 Tetra Technology Expected to Hold the Largest Market Share During the Forecast Period (20162022)Figure 16 Hand Portable LMR Market to Hold the Largest Market Share in 2016Figure 17 Land Mobile Radio Market, By GeographyFigure 18 Growing Significance of Efficient Critical Communication Operations Driving the MarketFigure 19 Value Chain Analysis : Major Value is Added During the Testing & Verification and Regulation & Policy PhasesFigure 20 Land Mobile Radio Market: Porters Five Forces Analysis, 2015Figure 21 Land Mobile Radio Market: Porters Five Forces AnalysisFigure 22 Medium Intensity of Competitive Rivalry Due to Presence of Established Companies in A Mature MarketFigure 23 Medium Impact of Threat of Substitutes Due to the Limited Availability of Substitute ProductsFigure 24 Medium Impact of Bargaining Power of Buyers Due to the Various Technology Solutions Available in the MarketFigure 25 Low Impact of Bargaining Power of Suppliers Due to Minimal Product Differentiation in the marketFigure 26 Medium Impact of Threat of New Entrants With Innovative Product Developments By New PlayersFigure 27 Land Mobile Radio Market, By Type (2016 vs 2022)Figure 28 Market: Digital vs Analog (2016 vs 2022)Figure 29 Land Mobile Radio Market: VHF vs UHF vs 700 MHz & Above (2016 vs 2022)Figure 30 Market, By ApplicationFigure 31 Market: Public Safety vs Commercial Application (2016 vs 2022)Figure 32 Commercial Land Mobile Radio Market: Transportation Application to Dominate the Commercial Land Mobile Radio Market During the Forecast PeriodFigure 33 Public Safety Land Mobile Radio Market: Military & Defense to Dominate the Market for the Public Safety ApplicationFigure 34 Geographic Snapshot: APAC Expected to Register the Highest Growth Rate During the Forecast PeriodFigure 35 U.S. to Lead the Market Between 2016 and 2022Figure 36 North America: Market Snapshot (2015)Figure 37 Europe: Market Snapshot (2015)Figure 38 Asia-Pacific: Market Snapshot (2015)Figure 39 Companies Adopted New Product Development as the Key Growth Strategy Between 2013 and 2016Figure 40 Market Evolution Framework: New Product Developments Fuelled the Growth of the marketFigure 41 Battle for Market Share: New Product and Technology Developments Was the Key Strategy Between 2013 and 2016Figure 42 Sepura PLC. : Company SnapshotFigure 43 Sepura PLC: SWOT AnalysisFigure 44 Motorola Solutions, Inc. : Company SnapshotFigure 45 Motorola Solutions, Inc.: SWOT AnalysisFigure 46 Harris Corporation: Company SnapshotFigure 47 Harris Corporation: SWOT AnalysisFigure 48 Jvckenwood Corporation: Company SnapshotFigure 49 Jvckenwood Corporation: SWOT AnalysisFigure 50 Thales SA: Company SnapshotFigure 51 Thales SA: SWOT AnalysisFigure 52 Raytheon Co.: Company SnapshotFigure 53 RELM Wireless Corporation: Company SnapshotFigure 54 Hytera Communications Corporation Limited: Company Snapshot

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